Do You Owe Back Taxes? Take These Steps to Protect Yourself and Your Finances

Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. …


March 16, 2021

|IN TAX RETURN

|BY TRISTATE TAX RESOLUTION LLC

If you are a procrastinator, tax filing season is probably the worst time of year. With deadlines looming, filling out all those complicated forms and making sense of an increasingly complex tax code that changes almost every year can…


It’s going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.

And with year-end barrelling at us (2021 is on FRIDAY), it’s unlikely that we will be able to make substantive action on your behalf THIS…


Wow, does it ever feel good to have turned the page on 2020. This first “working week” is when I finally began to feel the newness of it all.

Yes, it’s “just a date” on a Gregorian calendar, but …

2021 holds great promise for our Queens business clients. With…


One of my favorite pieces of reading every year is the IRS Criminal Investigations unit’s annual report.

Yes, I’m a nerd.

Here’s the link in case you are a similarly inclined Greater New York City taxpayer(although I seriously doubt that).

Oh, and yes, the IRS has their own cops.

One…


There’s both good news (for some) and bad news (for many) as we round the corner into December.

And I’m not talking about our culture, or politics, or sports, or anything like that.

I’m talking about TAXES.

I’ll start with the good news. This is applicable to some of my…


With all of the insanity of 2020, it seems a bit crazy (and a bit of a relief, to be frank) that we now find ourselves in Thanksgiving week in Greater New York City.

I have some thoughts, which are perhaps a bit more meditative than normal, because of how…


With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.

This year might be worse.

Yes, I hate to be the one to say these things, but I’m also privy to the…


All the political people are arguing over taxes, and my inner geek smiles.

(By the way, if YOU want to argue about the tax issues, here’s a good explainer article to start with before you make big declarations about the tax issues involved.)

Because I’m not really interested in arguing…


Apparently, there’s some news happening around us in Greater New York City these days.

I often use this space to share Queens-specific, detailed information about PPP forgiveness, tax code updates, leadership and marketing strategy, expense reduction, and more — all essential topics for business owners and their teams here in…

Allan J Rolnick

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